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Saudi Chemicals Producer SABIC Launches Blockchain Pilot Project

A Saudi Arabia-based chemical manufacturer has said its recently launched blockchain pilot is expected to uncover the possibilities of the technology “in supporting end-to-end digital traceability of circular feedstock in customer products.” The benefits expected to accrue from using blockchain include reduced costs and time as well as improved data integration. End-to-End Digital Traceability A…

Like the lingering bit of advice from 1967’s “The Graduate,” plastics as a field of opportunity is being reimagined for the blockchain age. But this time, it’s for plastics recycling. 

Blockchains are proving extremely useful for tracking materials across all sorts of supply chains and creating transparent and immutable audit trails. Meanwhile, governments around the world are issuing…